View charts and article, shop bullion: https://www.ainsliebullion.com.au/gold-silver-bullion-news/buy-the-dip-buy-real/tabid/88/a/2380/default.aspx
Last night was a repeat of what we have seen before when markets panic, volatility spikes, shares crash, margin calls occur and everyone liquidates EVERYTHING. Wall Street fell 3.5% across all indices last night, silver was down 6% (3.5% in AUD), gold 2% (0.6% in AUD) and Bitcoin 3%. The only thing with green was of course the USD as everyone went to cash. That pushed our AUD down to 70.4c and cushioned the bullion blow. Whilst gold, silver and Bitcoin are clearly in secular bull markets, we are reminded that they are called bulls and not caterpillars for a reason… they buck. It was timely therefore to come across a very recent interview with the legendary Kiril Sokoloff, founder of 13D Global Strategy & Research who talks to why gold is his key investment, why buy physical and why dips like last night are expected and should be bough.
